TechFlow, on October 23, according to Forbes, the White House's newly released digital assets report explicitly supports individuals' legal right to self-custody and manage digital assets without relying on financial intermediaries, recommending Congress clarify this right in legislation. The report emphasizes the importance of peer-to-peer transfers, viewing them as core elements of personal autonomy and digital financial innovation.
The report also acknowledges that privacy-enhancing technologies such as cryptocurrency mixers, privacy coins, and zero-knowledge proofs may be abused by bad actors for money laundering, even while protecting users' legitimate rights. Taking the Tornado Cash case as an example, federal prosecutors accused the privacy protocol of being used to launder billions of dollars, while its founder, Roman Storm, argued he merely published open-source code and did not control how users employed the protocol.
